PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

6 Months Ended

May 01, 2022

PENSION AND OTHER POSTRETIREMENT BENEFITS

Schedule of Components of Net Periodic Pension and OPEB (Benefit) Cost

The components of net periodic pension cost consisted of the following in millions of dollars:

	Three Months Ended				Six Months Ended
	May 1		May 2		May 1		May 2
	2022		2021		2022		2021
Service cost	$	94	$	83	$	179	$	168
Interest cost		80		69		157		138
Expected return on plan assets		(180)		(200)		(362)		(400)
Amortization of actuarial loss		37		65		76		128
Amortization of prior service cost		9		3		16		6
Settlements		7		5		8		18
Net cost	$	47	$	25	$	74	$	58

The components of net periodic OPEB (benefit) cost consisted of the following in millions of dollars:

	Three Months Ended				Six Months Ended
	May 1		May 2		May 1		May 2
	2022		2021		2022		2021
Service cost	$	11	$	12	$	23	$	24
Interest cost		23		25		49		51
Expected return on plan assets		(27)		(20)		(55)		(39)
Amortization of actuarial (gain) loss		(10)		7		(9)		14
Amortization of prior service credit		(1)		(1)		(2)		(2)
Net (benefit) cost	$	(4)	$	23	$	6	$	48